Bitcoin’s 44% gain in third quarter teases full-blown crypto bull run

Bitcoin’s 44% gain in third quarter teases full-blown crypto bull run

Özet: Kripto piyasasında önemli gelişmeler yaşanıyor.

This is an excerpt from CoinDesk newsletter ‘Daybook.’ Sign up here, if you haven’t already.

As the end of the third quarter nears, bitcoin BTC$84,760.95 is standing tall some 44% higher, its best performance since the final three months of 2024.

Gold is up 8.7% while the S&P 500 has added just 2%.

Meanwhile, Wall Street’s tech-heavy index, Nasdaq, has gained just 2%, according to data source TradingView.

This marks a complete change from early this year when bitcoin was the underperformer and stocks, gripped by the AI fervour, were on a tear.The good news for BTC bulls doesn’t end there.

The cryptocurrency is also outperforming names like NVDA, one of the world’s biggest companies, up 11%.

And yet, bitcoin doesn’t necessarily look expensive based purely on where it trades relative to its record price.

Despite the solid rally, prices are still down 48% from the record price of $126,000 in October last year.

Other tokens have also chalked up impressive gains.

ETH, XRP, SOL, UNI and NEAR have registered gains between 40%-150%.

Analiz: Piyasa hareketliliği devam ediyor.